Type: Bullish BounceKey Levels:Resistance: 98.967Pivot: 97.854 Support: 97.464Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for bullish continuation from our Pivot at 97.854 in line with 127.2% Fibonacci Projection and 38.2% Fibonacci retracement towards our 1st resistance at 98.967 in line with 78.6% Fibonacci retracement. Prices are trading above our ichimoku cloud support, further supporting our bullish bias.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 97.464 in line with 50% Fibonacci retracement and 161.8% Fibonacci Projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/dxy-h4-potential-for-bullish-continuation"
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